LIC MF Manufacturing Fund is a Thematic fund run by LIC Mutual Fund. On 30-09-2026, it managed ₹770 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 5.8% and its Regular plan returned 4.4%. Its benchmark, Nifty India Manufacturing TRI, returned −1.7% over the same year.
NAV (Direct plan)
₹11.05
▼ 0.88% · 30-10-2026
NAV (Regular plan)
₹10.70
▼ 0.89% · 30-10-2026
Expense ratio
1.46%Direct2.83%Regular
1.46%
A year
Riskometer
Very High
Set by the fund house
1 year return
5.8%Direct4.4%Regular
5.8%
Total
LIC MF Manufacturing Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹11.05 (down 0.88% that day); Regular Plan Growth ₹10.70 (down 0.89% that day).
This fund (Direct plan)
₹11.0464
LIC MF Manufacturing Fund Returns vs Nifty India Manufacturing TRI
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−5.75%
−4.79%
+1.19%
+5.85%
--
--
--
This fund (Regular)
−5.85%
−5.12%
+0.49%
+4.36%
--
--
--
Nifty India Manufacturing TRI
−3.56%
−7.50%
−3.61%
−1.70%
+17.16%
+14.36%
--
Thematic average
−2.09%
−4.52%
+0.86%
−1.22%
--
--
--
Best in Thematic
+11.54%
+11.27%
+22.16%
+75.71%
--
--
--
Worst in Thematic
−16.05%
−11.74%
−13.97%
−22.44%
--
--
--
Rank in Thematic
219/235
96/232
92/232
46/215
--
--
--
Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.
LIC MF Manufacturing Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty India Manufacturing TRI
2026to date
+8.70%
+7.46%
−2.54%
2025
+4.54%
+2.79%
+12.28%
LIC MF Manufacturing Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 1-year holding period, plotted on the day it ended. There are 254 periods, one for each trading day from 16-10-2025 to 30-10-2026.
−10%0%10%20%30%
LIC MF Manufacturing Fund (Direct)
Nifty India Manufacturing TRI
Nov 2024 to Nov 2025Jan 2025 to Jan 2026Mar 2025 to Mar 2026May 2025 to May 2026Jul 2025 to Jul 2026Sept 2025 to Sept 2026
LIC MF Manufacturing Fund (Direct)Nifty India Manufacturing TRI
1%
3%
Below 0%
17%
8%
0-5%
15%
21%
5-10%
23%
39%
10-15%
21%
19%
15-20%
17%
9%
20-25%
6%
3%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
254
13.9%
−1.1%
30.6%
1%
12.2%
68%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty India Manufacturing TRI over the same days. Past returns do not promise future returns.
LIC MF Manufacturing Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
LIC MF Manufacturing Fund (Direct)This fund
Nifty India Manufacturing TRI
Return (CAGR)
+5.85%
−1.70%
Standard deviation
17.19%
16.02%
Sharpe ratio
0.04
-0.43
Sortino ratio
0.05
-0.58
Maximum drawdown
−10.8%
(31-03-2026)
−12.8%
(23-10-2026)
Beta
0.97
1.00
Alpha
+7.35%
0.00%
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
LIC MF Manufacturing Fund (Direct)This fund
Nifty India Manufacturing TRI
Return (CAGR)
+4.69%
−0.38%
Standard deviation
17.28%
16.13%
Sharpe ratio
-0.06
-0.37
Sortino ratio
-0.08
-0.50
Maximum drawdown
−22.2%
(03-03-2025)
−20.4%
(07-04-2025)
Beta
0.96
1.00
Alpha
+4.82%
0.00%
From daily NAVs, 16-10-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
−25%−20%−15%−10%−5%0%
LIC MF Manufacturing Fund (Direct)
Nifty India Manufacturing TRI
20252026
LIC MF Manufacturing Fund (Direct)Nifty India Manufacturing TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
LIC MF Manufacturing Fund (Direct)
−22.2%
11-12-2024
03-03-2025
01-07-2025
4 months
−8.3%
Nifty India Manufacturing TRI
−20.4%
16-10-2024
07-04-2025
16-09-2025
5 months
−10.5%
From the Direct plan's daily NAV since 16-10-2024, adjusted for unit splits, and Nifty India Manufacturing TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
LIC MF Manufacturing Fund vs Other Thematic Funds
The five Thematic funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
LIC MF Manufacturing Fund Expense Ratio and Costs
What each plan charges a year, in force from 21-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Thematic median
Cost rank (1 = cheapest)
Direct
0.79%
0.17%
0.01%
0.49%
1.46%
1.18%
179/235
Regular
2.04%
0.17%
0.01%
0.61%
2.83%
2.41%
202/235
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
4.36%
5.85%
1.49%
₹1,04,360
₹1,05,850
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
LIC MF Manufacturing Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 16-10-2024 to 30-10-2026: 25 instalments, ₹2,50,000 in all.
Direct planLIC MF Manufacturing Fund (Direct)Regular planLIC MF Manufacturing Fund (Regular)Nifty India Manufacturing TRICategory averageCategory average, 235 Thematic fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
LIC MF Manufacturing Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
92.7%Equity
Asset
Fund
Category
Equity
92.7%
94.5%
Cash and others
7.3%
4.0%
Market cap of stocks
Market cap
Fund
Category
Large Cap
29.9%
45.7%
Mid Cap
11.7%
19.6%
Small Cap
44.7%
24.1%
Not on AMFI's list
6.4%
2.3%
Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
LIC MF Manufacturing Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Industrial Products13.3%
Auto Components12.3%
Automobiles12.2%
Electrical Equipment8.4%
Pharmaceuticals & Biotechnology8.2%
Industrial Manufacturing7.4%
Agricultural, Commercial & Construction Vehicles6.5%
Chemicals & Petrochemicals6.0%
Ferrous Metals4.0%
Textiles & Apparels2.9%
The ten largest of 17 sectors. The other 7 add up to 11.5%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Industrial Products
12.3%
13.7%
13.3%
+1.0%
Auto Components
11.1%
13.0%
12.3%
+1.2%
Automobiles
12.2%
12.1%
12.2%
0.0%
Electrical Equipment
12.6%
9.2%
8.4%
−4.2%
Pharmaceuticals & Biotechnology
10.2%
9.5%
8.2%
−2.0%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
LIC MF Manufacturing Fund Portfolio Holdings
As on 30-09-2026 · 50 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
INDO-MIM Ltd.
Industrial Manufacturing
6.36%
−4.4%
Tata Motors Passenger Vehicles Ltd.
Automobiles
5.56%
0.0%
Gabriel India Ltd.
Auto Components
3.45%
−4.4%
SML Mahindra Ltd.
Agricultural, Commercial & Construction Vehicles
3.36%
−9.0%
Tata Motors Ltd.
Agricultural, Commercial & Construction Vehicles
3.19%
−7.5%
Garware Hi-Tech Films Ltd.
Industrial Products
3.14%
−2.2%
Hyundai Motor India Ltd.
Automobiles
2.99%
+65.4%
Mahindra & Mahindra Ltd.
Automobiles
2.70%
−4.4%
Tenneco Clean Air India Ltd.
Auto Components
2.55%
−4.4%
Piramal Pharma Ltd.
Pharmaceuticals & Biotechnology
2.40%
−13.6%
Kirloskar Brothers Ltd.
Industrial Products
2.22%
+119.2%
Sun Pharmaceutical Industries Ltd.
Pharmaceuticals & Biotechnology
2.22%
−20.5%
Sansera Engineering Ltd.
Auto Components
2.18%
−4.4%
Schaeffler India Ltd.
Auto Components
2.15%
−4.4%
Cipla Ltd.
Pharmaceuticals & Biotechnology
2.08%
−4.4%
Cummins India Ltd.
Industrial Products
2.03%
−4.4%
Schneider Electric Infrastructure Ltd.
Electrical Equipment
1.99%
−4.4%
Siemens Energy India Ltd.
Electrical Equipment
1.95%
−4.4%
Bharat Forge Ltd.
Auto Components
1.93%
−4.4%
KSH International Ltd.
Industrial Products
1.90%
−35.1%
Campus Activewear Ltd.
Consumer Durables
1.89%
+2.4%
Bharat Bijlee Ltd.
Electrical Equipment
1.83%
−4.4%
Foseco India Ltd.
Chemicals & Petrochemicals
1.81%
−4.4%
Kirloskar Ferrous Industries Ltd.
Ferrous Metals
1.74%
−4.4%
KSB Ltd.
Industrial Products
1.70%
−14.4%
Hitachi Energy India Ltd.
Electrical Equipment
1.70%
−4.3%
Arvind Ltd.
Textiles & Apparels
1.69%
−4.4%
Bharat Dynamics Ltd.
Aerospace & Defense
1.67%
−4.4%
Tata Power Company Ltd.
Power
1.58%
−4.4%
Mahindra Lifespace Developers Ltd.
Realty
1.50%
−4.4%
Abbott India Ltd.
Pharmaceuticals & Biotechnology
1.48%
−4.3%
Gillette India Ltd.
Personal Products
1.43%
−4.3%
Tata Steel Ltd.
Ferrous Metals
1.32%
−4.4%
Vinati Organics Ltd.
Chemicals & Petrochemicals
1.26%
−4.4%
K.P.R. Mill Ltd.
Textiles & Apparels
1.23%
−4.4%
SRF Ltd.
Chemicals & Petrochemicals
1.22%
−4.4%
Bharat Electronics Ltd.
Aerospace & Defense
1.20%
−4.4%
Kennametal India Ltd.
Industrial Manufacturing
1.06%
−38.7%
SKF India (Industrial) Ltd.
Industrial Products
1.04%
−4.4%
Britannia Industries Ltd.
Food Products
1.04%
−4.3%
TVS Motor Company Ltd.
Automobiles
0.98%
−4.4%
Navin Fluorine International Ltd.
Chemicals & Petrochemicals
0.93%
−4.3%
JSW Steel Ltd.
Ferrous Metals
0.92%
−4.4%
Thermax Ltd.
Electrical Equipment
0.90%
−4.4%
Ingersoll Rand (India) Ltd.
Industrial Products
0.90%
−4.4%
Metro Brands Ltd.
Consumer Durables
0.76%
−4.4%
Linde India Ltd.
Chemicals & Petrochemicals
0.42%
−4.3%
Hindustan Unilever Ltd.
Diversified FMCG
0.41%
−4.4%
Galaxy Surfactants Ltd.
Chemicals & Petrochemicals
0.39%
−4.4%
RHI Magnesita India Ltd.
Industrial Products
0.34%
−4.4%
LIC MF Manufacturing Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
INDO-MIM Ltd.
↓Reduced
−4.4%
6.36%
Gabriel India Ltd.
↓Reduced
−4.4%
3.45%
Tata Motors Ltd.
↓Reduced
−7.5%
3.19%
SML Mahindra Ltd.
↓Reduced
−9.0%
3.36%
Garware Hi-Tech Films Ltd.
↓Reduced
−2.2%
3.14%
Mahindra & Mahindra Ltd.
↓Reduced
−4.4%
2.70%
Sun Pharmaceutical Industries Ltd.
↓Reduced
−20.5%
2.22%
Hyundai Motor India Ltd.
↑Added
+65.4%
2.99%
Piramal Pharma Ltd.
↓Reduced
−13.6%
2.40%
Tenneco Clean Air India Ltd.
↓Reduced
−4.4%
2.55%
KSH International Ltd.
↓Reduced
−35.1%
1.90%
Schaeffler India Ltd.
↓Reduced
−4.4%
2.15%
Cipla Ltd.
↓Reduced
−4.4%
2.08%
Cummins India Ltd.
↓Reduced
−4.4%
2.03%
Kirloskar Brothers Ltd.
↑Added
+119.2%
2.22%
Sansera Engineering Ltd.
↓Reduced
−4.4%
2.18%
Bharat Forge Ltd.
↓Reduced
−4.4%
1.93%
Bharat Bijlee Ltd.
↓Reduced
−4.4%
1.83%
Schneider Electric Infrastructure Ltd.
↓Reduced
−4.4%
1.99%
Siemens Energy India Ltd.
↓Reduced
−4.4%
1.95%
Bharat Dynamics Ltd.
↓Reduced
−4.4%
1.67%
Campus Activewear Ltd.
↑Added
+2.4%
1.89%
Hitachi Energy India Ltd.
↓Reduced
−4.3%
1.70%
Foseco India Ltd.
↓Reduced
−4.4%
1.81%
KSB Ltd.
↓Reduced
−14.4%
1.70%
Kennametal India Ltd.
↓Reduced
−38.7%
1.06%
Arvind Ltd.
↓Reduced
−4.4%
1.69%
Kirloskar Ferrous Industries Ltd.
↓Reduced
−4.4%
1.74%
Tata Power Company Ltd.
↓Reduced
−4.4%
1.58%
Mahindra Lifespace Developers Ltd.
↓Reduced
−4.4%
1.50%
Gillette India Ltd.
↓Reduced
−4.3%
1.43%
Abbott India Ltd.
↓Reduced
−4.3%
1.48%
Vinati Organics Ltd.
↓Reduced
−4.4%
1.26%
Tata Steel Ltd.
↓Reduced
−4.4%
1.32%
K.P.R. Mill Ltd.
↓Reduced
−4.4%
1.23%
Bharat Electronics Ltd.
↓Reduced
−4.4%
1.20%
SRF Ltd.
↓Reduced
−4.4%
1.22%
Britannia Industries Ltd.
↓Reduced
−4.3%
1.04%
SKF India (Industrial) Ltd.
↓Reduced
−4.4%
1.04%
Ingersoll Rand (India) Ltd.
↓Reduced
−4.4%
0.90%
Thermax Ltd.
↓Reduced
−4.4%
0.90%
TVS Motor Company Ltd.
↓Reduced
−4.4%
0.98%
Navin Fluorine International Ltd.
↓Reduced
−4.3%
0.93%
JSW Steel Ltd.
↓Reduced
−4.4%
0.92%
Metro Brands Ltd.
↓Reduced
−4.4%
0.76%
Hindustan Unilever Ltd.
↓Reduced
−4.4%
0.41%
Linde India Ltd.
↓Reduced
−4.3%
0.42%
Galaxy Surfactants Ltd.
↓Reduced
−4.4%
0.39%
RHI Magnesita India Ltd.
↓Reduced
−4.4%
0.34%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
LIC MF Manufacturing Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.46%
Expense ratio (Regular)
2.83%
Category
Thematic
Risk
Very High
Benchmark
Nifty India Manufacturing TRI
Launch date
11-10-2024
Minimum investment
₹5,000
Minimum additional investment
₹500
AUM
₹769.82 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
152920
ISIN (Direct)
INF767K01RR2
Scheme code (Regular)
152922
ISIN (Regular)
INF767K01RO9
NAV history
From 16-10-2024, 2.0 years
Exit load
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.
Tax on LIC MF Manufacturing Fund returns
LIC MF Manufacturing Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹11.0464
30-10-2026
direct
IDCW
₹11.0464
30-10-2026
regular
Growth
₹10.6962
30-10-2026
regular
IDCW
₹10.6962
30-10-2026
About LIC MF Manufacturing Fund
LIC MF Manufacturing Fund is a mutual fund from LIC Mutual Fund. Its category is Thematic. It was launched on 11-10-2024. Its benchmark is Nifty India Manufacturing TRI. At the end of September 2026 it held 50 securities.
Fund Manager
Mahesh Bendre
Fund manager of LIC MF Manufacturing Fund, since 11-10-2024
Frequently Asked Questions for LIC MF Manufacturing Fund
What is the current NAV of LIC MF Manufacturing Fund?
The Direct plan NAV is ₹11.0464. The Regular plan NAV is ₹10.6962, as on 30-10-2026.
What are the returns of LIC MF Manufacturing Fund?
The Direct plan returned +5.85% in 1 year. The Regular plan returned +4.36% in 1 year. These figures are as on 30-10-2026.
What is the expense ratio of LIC MF Manufacturing Fund?
The Direct plan charges 1.46% a year. The Regular plan charges 2.83% a year. This is the figure the fund house reported to AMFI, in force from 21-10-2026.
What is the AUM of LIC MF Manufacturing Fund?
LIC MF Manufacturing Fund managed ₹769.82 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of LIC MF Manufacturing Fund?
At the end of September 2026 the largest holdings were INDOMIM (6.36%), TMPV (5.56%), GABRIEL (3.45%), SMLMAH (3.36%), TMCV (3.19%). The fund held 50 securities in all.
What did LIC MF Manufacturing Fund buy and sell in September 2026?
It added shares in 3. It reduced 46.
How do I invest in LIC MF Manufacturing Fund?
Through LIC Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.
Who is the fund manager of LIC MF Manufacturing Fund?
Mahesh Bendre (since 11-10-2024).
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
Track LIC MF Manufacturing Fund in WealthGamma
Add this fund once. WealthGamma updates its value every day and shows it next to your stocks, gold, deposits and loans.